Question
17.Please show the changes for Irene Adler Home Furnishings Co. April transactions for each account using the tabular headings below.Please include total assets equaling liabilities
17.Please show the changes for Irene Adler Home Furnishings Co. April transactions for each account using the tabular headings below.Please include total assets equaling liabilities and owner's equity at the bottom.
Assets= Liabilities +Owner's Equity
Cash + Accts Rec. + Inv. + Prepaid Exp. = Accts Pay. + I. Adler, Capital - I. Adler, Draw + Sales -COGS -Util. Exp - Insur. Exp.
A___________________________________________________________________________________________
B___________________________________________________________________________________________
C___________________________________________________________________________________________
D___________________________________________________________________________________________
E___________________________________________________________________________________________
F____________________________________________________________________________________________
G___________________________________________________________________________________________
H___________________________________________________________________________________________
TOTALS ASSETS $__________________=LIABILITIES + OWNER'S EQUITY $___________________
A.Irene Adler opened a business bank account for her cleaning supplies company on April 1 with a deposit of $7,000.
B.Irene Adler Home Furnishings Co. sold 12 chairs for $1,700 to its customers on account costing $750.
C.Irene Adler Home Furnishings Co. bought ten couches for $20,000 on account from suppliers on April 7.
D.Irene Adler Home Furnishings Co. sold seven lamps on account to customers on April 15 for $560 which cost $300.
E.Irene Adler Home Furnishings Co. prepaid insurance for March 15 through April 15 costing $500 was recognized on April 16.
F.Irene Adler withdrew $3,000 cash from the company for personal use on April 29.
G.Irene Adler Home Furnishings Co. paid March heating bill of $319 in cash on April 29.
H.On April 30, Irene Adler invested $2,000 more of her own cash in Irene Adler Home Furnishings Co.
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